Submersible Pumps Market by Type (Electric, Hydraulic, Air-Driven), Application (Open Pit, Borewell), Operation (Single-stage, Multi-stage), Power Rating (<1, 1-5, 5-15, >15 HP), Sector (Industrial, Agricultural, Domestic), Region - Global Forecasts to 2025
The submersible pumps market is projected to reach USD 15.5 billion by 2025 from an estimated USD 11.2 billion in 2020, at a CAGR of 6.7% during the forecast period. Increasing investments in construction industry attributing to rapid urbanization, and high demand for submersible pumps in agricultural sector are the key factors driving the growth of the submersible pumps market. Likewise, the up-gradation of aging and construction of new water & wastewater treatment facilities and adoption of solar-powered submersible pumps are expected to offer lucrative opportunities for the submersible pumps market during the forecast period. However, motor failure & high troubleshooting cost hinder the growth of the market.
“The open pit, by application, is expected to be the fastest-growing market from 2020 to 2025.”
The open-pit segment is projected to grow at the highest CAGR from 2020 to 2025. Open-pit submersible pump does not require a separate foundation or a pump house; it operates directly under submerged conditions. Open pit submersible pumps are expected to witness the highest demand from industrial applications, particularly from the water supply and treatment sector, as well as the mining and construction industries, where they play an important role in dewatering open pits.
“The electrical submersible pumps, by type, is expected to be the largest market from 2020 to 2025.”
The report segments the submersible pumps market, by type, into electrical, hydraulic, and air-driven. The electrical segment is expected to hold the largest market share, and grow at the highest CAGR during the forecast period owing to its high reliability and efficiency, and as it never has to be primed as it is already submerged in the fluid. These pumps can handle both solids & liquids and are used across numerous sectors to boost production.
“Asia Pacific: The fastest growing region in the submersible pumps market.”
Asia Pacific is expected to grow at the highest CAGR during the forecast period. Asia Pacific region has been segmented, by country, into China, India, Australia, Indonesia, Japan, and Rest of Asia Pacific. Rest of Asia Pacific includes Malaysia, Thailand, Philippines, and South Korea. The region’s domination can be attributed to rapid economic expansion. The region is attracting investors to set up production facilities because of the availability of raw materials and labor at lower prices. Industrial activities are growing due to low manufacturing costs and the support of the local governments. Increasing investments in R&D is also one of the factors driving the submersible pumps market in Asia Pacific.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
The tiers of the companies are defined based on their total revenue as of 2019: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3:
The submersible pumps market is dominated by a few major players that have an extensive regional presence. The leading players in the submersible pumps market are Xylem (US), Sulzer (Switzerland), KSB Group (Germany), Grundfos (Denmark), and Atlas Copco (Sweden).
Study Coverage:
The report defines, describes, and forecasts the submersible pumps market, by type, application, operation, power rating, sector, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the submersible pumps market.
Key Benefits of Buying the Report
1. The report identifies and addresses the key markets for submersible pumps application, which would help equipment manufacturers and raw material providers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
“The open pit, by application, is expected to be the fastest-growing market from 2020 to 2025.”
The open-pit segment is projected to grow at the highest CAGR from 2020 to 2025. Open-pit submersible pump does not require a separate foundation or a pump house; it operates directly under submerged conditions. Open pit submersible pumps are expected to witness the highest demand from industrial applications, particularly from the water supply and treatment sector, as well as the mining and construction industries, where they play an important role in dewatering open pits.
“The electrical submersible pumps, by type, is expected to be the largest market from 2020 to 2025.”
The report segments the submersible pumps market, by type, into electrical, hydraulic, and air-driven. The electrical segment is expected to hold the largest market share, and grow at the highest CAGR during the forecast period owing to its high reliability and efficiency, and as it never has to be primed as it is already submerged in the fluid. These pumps can handle both solids & liquids and are used across numerous sectors to boost production.
“Asia Pacific: The fastest growing region in the submersible pumps market.”
Asia Pacific is expected to grow at the highest CAGR during the forecast period. Asia Pacific region has been segmented, by country, into China, India, Australia, Indonesia, Japan, and Rest of Asia Pacific. Rest of Asia Pacific includes Malaysia, Thailand, Philippines, and South Korea. The region’s domination can be attributed to rapid economic expansion. The region is attracting investors to set up production facilities because of the availability of raw materials and labor at lower prices. Industrial activities are growing due to low manufacturing costs and the support of the local governments. Increasing investments in R&D is also one of the factors driving the submersible pumps market in Asia Pacific.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 59%, Tier 2- 26%, and Tier 3- 15%
- By Designation: C-Level- 62%, D-Level- 20%, and Others- 18%
- By Region: Asia Pacific- 30%, North America- 25%, Europe- 20%, Middle East & Africa – 15%, and South America-10%
The tiers of the companies are defined based on their total revenue as of 2019: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3:
The submersible pumps market is dominated by a few major players that have an extensive regional presence. The leading players in the submersible pumps market are Xylem (US), Sulzer (Switzerland), KSB Group (Germany), Grundfos (Denmark), and Atlas Copco (Sweden).
Study Coverage:
The report defines, describes, and forecasts the submersible pumps market, by type, application, operation, power rating, sector, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the submersible pumps market.
Key Benefits of Buying the Report
1. The report identifies and addresses the key markets for submersible pumps application, which would help equipment manufacturers and raw material providers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.3 INCLUSIONS & EXCLUSIONS
1.3.1 SUBMERSIBLE PUMPS MARKET, BY SECTOR: INCLUSIONS & EXCLUSIONS
1.4 MARKET SCOPE
1.4.1 MARKET SEGMENTATION
1.4.2 REGIONAL SCOPE
1.5 YEARS CONSIDERED
1.6 CURRENCY
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 SUBMERSIBLE PUMPS MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION METHODOLOGY
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Breakdown of primaries
FIGURE 3 PRIMARY BREAKDOWN
2.3 SCOPE
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4.3 IDEAL DEMAND SIDE ANALYSIS
2.4.3.1 Assumptions for demand side analysis
2.4.3.2 Demand side calculation
2.4.4 SUPPLY SIDE ANALYSIS
FIGURE 6 MAIN METRICS CONSIDERED IN ASSESSING SUPPLY FOR SUBMERSIBLE PUMPS MARKET
2.4.4.1 Supply side calculation
2.4.4.2 Assumptions
FIGURE 7 MARKET RANKING & INDUSTRY CONCENTRATION, 2019
2.4.5 FORECAST
2.5 PRIMARY INSIGHTS
3 EXECUTIVE SUMMARY
3.1 SCENARIO ANALYSIS
FIGURE 8 SCENARIO ANALYSIS: SUBMERSIBLE PUMPS MARKET, 2018–2025
3.1.1 OPTIMISTIC SCENARIO
3.1.2 REALISTIC SCENARIO
3.1.3 PESSIMISTIC SCENARIO
TABLE 1 SUBMERSIBLE PUMPS MARKET SNAPSHOT
FIGURE 9 ASIA PACIFIC DOMINATED SUBMERSIBLE PUMPS MARKET IN 2019
FIGURE 10 ELECTRICAL SEGMENT TO CONTINUE TO HOLD LARGEST SHARE OF SUBMERSIBLE PUMPS MARKET, BY TYPE, DURING FORECAST PERIOD
FIGURE 11 OPEN PIT SEGMENT TO HOLD LARGEST SHARE OF SUBMERSIBLE PUMPS MARKET, BY APPLICATION, DURING FORECAST PERIOD
FIGURE 12 SINGLE-STAGE SEGMENT TO ACCOUNT FOR LARGER SHARE OF SUBMERSIBLE PUMPS MARKET, BY OPERATION, DURING FORECAST PERIOD
FIGURE 13 5–15 HP SEGMENT TO CONTINUE TO HOLD LARGER SHARE OF SUBMERSIBLE PUMPS MARKET, BY POWER RATING, DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN SUBMERSIBLE PUMPS MARKET
FIGURE 14 INCREASING INVESTMENTS IN UPGRADATION OF AGEING INDUSTRIAL INFRASTRUCTURE AND RAPID URBANIZATION TO DRIVE GROWTH OF SUBMERSIBLE PUMPS MARKET DURING 2020–2025
4.2 SUBMERSIBLE PUMPS MARKET, BY REGION
FIGURE 15 SUBMERSIBLE PUMPS MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.3 SUBMERSIBLE PUMPS MARKET IN ASIA PACIFIC, BY SECTOR & COUNTRY
FIGURE 16 INDUSTRIAL SECTOR AND CHINA HELD LARGEST SHARES OF SUBMERSIBLE PUMPS MARKET IN ASIA PACIFIC IN 2019
4.4 SUBMERSIBLE PUMPS MARKET, BY TYPE
FIGURE 17 ELECTRICAL SEGMENT TO CONTINUE TO DOMINATE SUBMERSIBLE PUMPS MARKET, BY TYPE, BY 2025
4.5 SUBMERSIBLE PUMPS MARKET, BY APPLICATION
FIGURE 18 OPEN PIT SEGMENT TO DOMINATE SUBMERSIBLE PUMPS MARKET, BY APPLICATION, BY 2025
4.6 SUBMERSIBLE PUMPS MARKET, BY OPERATION
FIGURE 19 SINGLE-STAGE SEGMENT TO DOMINATE SUBMERSIBLE PUMPS MARKET, BY OPERATION, BY 2025
4.7 SUBMERSIBLE PUMPS MARKET, BY POWER RATING
FIGURE 20 5–15 HP SEGMENT TO HOLD LARGEST SHARE OF SUBMERSIBLE PUMPS MARKET, BY POWER RATING, BY 2025
4.8 SUBMERSIBLE PUMPS MARKET, BY SECTOR
FIGURE 21 INDUSTRIAL SEGMENT TO HOLD LARGEST SHARE OF SUBMERSIBLE
PUMPS MARKET, BY SECTOR, BY 2025
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 COVID-19 HEALTH ASSESSMENT
FIGURE 22 COVID-19 GLOBAL PROPAGATION
FIGURE 23 COVID-19 PROPAGATION IN SELECTED COUNTRIES
5.3 ROAD TO RECOVERY
FIGURE 24 RECOVERY ROAD FOR 2020
5.4 COVID-19 ECONOMIC ASSESSMENT
FIGURE 25 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
5.5 MARKET DYNAMICS
FIGURE 26 SUBMERSIBLE PUMPS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.5.1 DRIVERS
5.5.1.1 Increasing investments in construction industry attributed to rapid urbanization
5.5.1.2 High demand for submersible pumps in agricultural sector
5.5.2 RESTRAINTS
5.5.2.1 Motor failure and high troubleshooting cost
FIGURE 27 PUMP LIFE CYCLE COST
5.5.3 OPPORTUNITIES
5.5.3.1 Adoption of solar-powered submersible pumps
5.5.3.2 Upgradation of aging and construction of new water & wastewater treatment facilities
5.5.4 CHALLENGES
5.5.4.1 High competition from local and regional players
5.5.4.2 Impact of COVID-19 on submersible pumps market
5.6 TARIFF AND REGULATORY LANDSCAPE
TABLE 2 CLEAN WATER ACT (CWA): REGULATORY PROGRAMS FOR WASTEWATER TREATMENT
5.7 YC SHIFT
5.7.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR SUBMERSIBLE PUMP MANUFACTURERS
FIGURE 28 REVENUE SHIFT FOR SUBMERSIBLE PUMPS MARKET
5.8 MARKET MAP
FIGURE 29 ADJACENT AND INTERCONNECTED MARKETS
5.9 SUPPLY CHAIN ANALYSIS
FIGURE 30 SUBMERSIBLE PUMPS MARKET SUPPLY CHAIN ANALYSIS
5.9.1 RAW MATERIAL SUPPLIERS
5.9.2 MANUFACTURING
5.9.3 END USERS
5.10 TECHNOLOGY ANALYSIS
5.11 TRADE ANALYSIS
5.11.1 EXPORT DATA ANALYSIS
TABLE 3 EXPORT DATA: CENTRIFUGAL PUMPS, BY VALUE, 2019
5.11.2 IMPORT DATA ANALYSIS
TABLE 4 IMPORT DATA: CENTRIFUGAL PUMPS, BY VALUE, 2019
5.12 AVERAGE SELLING PRICE TREND
TABLE 5 AVERAGE SELLING PRICE FOR SUBMERSIBLE PUMPS
5.13 CASE STUDY ANALYSIS
5.13.1 INSTALLATION OF SUBMERSIBLE PUMPS INCREASED PUMPING EFFICIENCY AT SEPON COPPER MINE
6 IMPACT OF COVID-19 ON SUBMERSIBLE PUMPS MARKET, SCENARIO ANALYSIS, BY REGION
6.1 INTRODUCTION
6.2 OPTIMISTIC SCENARIO
TABLE 6 OPTIMISTIC SCENARIO: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
6.3 REALISTIC SCENARIO
TABLE 7 REALISTIC SCENARIO: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
6.4 PESSIMISTIC SCENARIO
TABLE 8 PESSIMISTIC SCENARIO: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
7 SUBMERSIBLE PUMPS MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 31 ELECTRICAL SEGMENT DOMINATED SUBMERSIBLE PUMPS MARKET IN 2019
TABLE 9 SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
7.2 ELECTRICAL
7.2.1 HIGH EFFICIENCY AND ABILITY TO SAVE PUMP’S ENERGY IS FUELING DEMAND FOR ELECTRICAL SUBMERSIBLE PUMPS
TABLE 10 ELECTRICAL: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 11 ELECTRICAL: SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
7.3 HYDRAULIC
7.3.1 INCREASING DEMAND FOR UNATTENDED OPERATIONS TO BOOST DEMAND FOR HYDRAULIC SUBMERSIBLE PUMPS
TABLE 12 HYDRAULIC: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 13 HYDRAULIC: SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
7.4 AIR-DRIVEN
7.4.1 GROWING USE OF SUBMERSIBLE PUMPS IN HAZARDOUS & RESTRICTED AREAS
TABLE 14 AIR-DRIVEN: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 15 AIR-DRIVEN: SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
8 SUBMERSIBLE PUMPS MARKET, BY APPLICATION
8.1 INTRODUCTION
FIGURE 32 OPEN PIT SEGMENT DOMINATED SUBMERSIBLE PUMPS MARKET IN 2019
TABLE 16 SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
8.2 OPEN PIT
8.2.1 HIGH EFFICIENCY AND INCREASING INVESTMENTS IN SEVERAL SECTORS TO DRIVE GROWTH OF OPEN PIT SEGMENT
TABLE 17 OPEN PIT: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 18 OPEN PIT: SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 19 OPEN PIT: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 20 OPEN PIT: SUBMERSIBLE PUMPS MARKET, BY USAGE, 2018–2025 (USD MILLION)
8.2.2 BY USAGE
8.2.2.1 Sewage
TABLE 21 SEWAGE: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
8.2.2.2 Dewatering
TABLE 22 DEWATERING: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
8.2.2.3 Transferring/pumping
TABLE 23 TRANSFERRING/PUMPING: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
8.3 BOREWELL
8.3.1 INCREASING DEMAND FOR ELECTRICAL SUBMERSIBLE PUMPS
TABLE 24 BOREWELL: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 25 BOREWELL: SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 26 BOREWELL: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
9 SUBMERSIBLE PUMPS MARKET, BY OPERATION
9.1 INTRODUCTION
FIGURE 33 SINGLE-STAGE SEGMENT DOMINATED MARKET IN 2019
TABLE 27 SUBMERSIBLE PUMPS MARKET, BY OPERATION, 2018–2025 (USD MILLION)
9.2 SINGLE-STAGE
9.2.1 INCREASING INVESTMENTS IN SEWAGE TREATMENT TO DRIVE GROWTH OF SEGMENT
TABLE 28 SINGLE-STAGE: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
9.3 MULTI-STAGE
9.3.1 HIGH PRESSURE RANGES OF MULTI-STAGE PUMPS TO INCREASE THEIR DEMAND
TABLE 29 MULTI-STAGE: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
10 SUBMERSIBLE PUMPS MARKET, BY POWER RATING
10.1 INTRODUCTION
FIGURE 34 5–15 HP SUBMERSIBLE PUMP DOMINATED MARKET IN 2019
TABLE 30 SUBMERSIBLE PUMPS MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
10.2 BELOW 1 HP
10.2.1 RISE IN DEMAND IN DOMESTIC SECTOR TO EXTRACT UNDERGROUND WATER
TABLE 31 BELOW 1 HP: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
10.3 1–5 HP
10.3.1 HIGH OPERATING EFFICIENCY TO FUEL DEMAND FOR 1–5 HP SUBMERSIBLE PUMPS
TABLE 32 1–15 HP: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
10.4 5–15 HP
10.4.1 RESISTANCE TO HIGH VOLTAGE FLUCTUATIONS IS FUELING THEIR DEMAND
TABLE 33 5–15 HP: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
10.5 ABOVE 15 HP
10.5.1 HIGH EFFICIENCY AND RESISTANT TO CORROSION
TABLE 34 ABOVE 15 HP: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
11 SUBMERSIBLE PUMPS MARKET, BY SECTOR
11.1 INTRODUCTION
FIGURE 35 INDUSTRIAL SECTOR DOMINATED SUBMERSIBLE PUMPS MARKET IN 2019
TABLE 35 SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
11.2 INDUSTRIAL
11.2.1 INCREASING INVESTMENTS TO BOOST PRODUCTIVITY
TABLE 36 INDUSTRIAL: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 37 INDUSTRIAL: SUBMERSIBLE PUMPS MARKET, BY INDUSTRY, 2018–2025 (USD MILLION)
11.2.1.1 Water & wastewater
TABLE 38 WATER & WASTEWATER: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
11.2.1.2 Mining & construction
TABLE 39 MINING & CONSTRUCTION: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
11.2.1.3 Energy & Power
TABLE 40 ENERGY & POWER: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
11.2.1.4 Others
TABLE 41 OTHER: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
11.3 AGRICULTURAL
11.3.1 GROWTH IN AGRICULTURAL PRODUCTION TO BOOST DEMAND FOR SUBMERSIBLE PUMPS
TABLE 42 AGRICULTURE: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
11.4 DOMESTIC
11.4.1 INCREASING DEMAND FOR GROUNDWATER EXTRACTION
TABLE 43 DOMESTIC: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
12 SUBMERSIBLE PUMPS MARKET, BY REGION
12.1 INTRODUCTION
FIGURE 36 ASIA PACIFIC SUBMERSIBLE PUMPS MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 37 ASIA PACIFIC DOMINATED SUBMERSIBLE PUMPS MARKET IN 2019
TABLE 44 SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
12.2 ASIA PACIFIC
FIGURE 38 SNAPSHOT OF ASIA PACIFIC SUBMERSIBLE PUMPS MARKET
12.2.1 BY TYPE
TABLE 45 ASIA PACIFIC: SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.2.1.1 Type, by application
TABLE 46 ASIA PACIFIC: ELECTRICAL SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 47 ASIA PACIFIC: HYDRAULIC SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 48 ASIA PACIFIC: AIR-DRIVEN SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.2.2 APPLICATION
TABLE 49 ASIA PACIFIC: SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.2.2.1 Application, by type
TABLE 50 ASIA PACIFIC: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 51 ASIA PACIFIC: BOREWELL SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.2.2.2 Open pit, by usage
TABLE 52 ASIA PACIFIC: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY USAGE, 2018–2025 (USD MILLION)
12.2.2.3 Application, by sector
TABLE 53 ASIA PACIFIC: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 54 ASIA PACIFIC: BOREWELL SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.3 BY SECTOR
TABLE 55 ASIA PACIFIC: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 56 ASIA PACIFIC: SUBMERSIBLE PUMPS MARKET, BY INDUSTRY, 2018–2025 (USD MILLION)
12.2.4 BY OPERATION
TABLE 57 ASIA PACIFIC: SUBMERSIBLE PUMPS MARKET, BY OPERATION, 2018–2025 (USD MILLION)
12.2.5 BY POWER RATING
TABLE 58 ASIA PACIFIC: SUBMERSIBLE PUMPS MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
12.2.6 BY COUNTRY
TABLE 59 ASIA PACIFIC: SUBMERSIBLE PUMPS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.2.6.1 China
12.2.6.1.1 Investments to increase power generation capacities driving market
12.2.6.1.2 By sector
TABLE 60 CHINA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.6.2 India
12.2.6.2.1 Growth in industrialization along with government support policies to drive demand
12.2.6.2.2 By sector
TABLE 61 INDIA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.6.3 Japan
12.2.6.3.1 Adoption of modern technologies to boost productivity likely to drive market demand
12.2.6.3.2 By sector
TABLE 62 JAPAN: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.6.4 Australia
12.2.6.4.1 Growth in water & wastewater treatment plants and agricultural productivity contributes toward market growth
12.2.6.4.2 By sector
TABLE 63 AUSTRALIA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.6.5 Indonesia
12.2.6.5.1 Growth in water & wastewater treatment plants and agricultural productivity contributes toward market growth
12.2.6.5.2 By sector
TABLE 64 INDONESIA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.6.6 Rest of Asia Pacific
12.2.6.6.1 By sector
TABLE 65 REST OF ASIA PACIFIC: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.3 NORTH AMERICA
FIGURE 39 SNAPSHOT OF NORTH AMERICA SUBMERSIBLE PUMPS MARKET
12.3.1 BY TYPE
TABLE 66 NORTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.3.1.1 Type, by application
TABLE 67 NORTH AMERICA: ELECTRICAL SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 68 NORTH AMERICA: HYDRAULIC SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 69 NORTH AMERICA: AIR-DRIVEN SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.3.2 BY APPLICATION
TABLE 70 NORTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.3.2.1 Application, by type
TABLE 71 NORTH AMERICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 72 NORTH AMERICA: BOREWELL SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.3.2.2 Open pit, by usage
TABLE 73 NORTH AMERICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY USAGE, 2018–2025 (USD MILLION)
12.3.2.3 Application, by sector
TABLE 74 NORTH AMERICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 75 NORTH AMERICA: BOREWELL SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.3.3 BY SECTOR
TABLE 76 NORTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 77 NORTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY INDUSTRY, 2018–2025 (USD MILLION)
12.3.4 BY OPERATION
TABLE 78 NORTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY OPERATION, 2018–2025 (USD MILLION)
12.3.5 BY POWER RATING
TABLE 79 NORTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
12.3.6 BY COUNTRY
TABLE 80 NORTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.3.6.1 US
12.3.6.1.1 Modernization of aging industrial infrastructure to fuel demand for submersible pumps
12.3.6.1.2 By sector
TABLE 81 US: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.3.6.2 Canada
12.3.6.2.1 Strong presence of water & wastewater treatment facilities and mining industry drives demand
12.3.6.2.2 By sector
TABLE 82 CANADA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.3.6.3 Mexico
12.3.6.3.1 Growing industrialization boosting market
12.3.6.3.2 By sector
TABLE 83 MEXICO: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4 EUROPE
12.4.1 BY TYPE
TABLE 84 EUROPE: SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.4.1.1 Type, by application
TABLE 85 EUROPE: ELECTRICAL SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 86 EUROPE: HYDRAULIC SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 87 EUROPE: AIR-DRIVEN SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.4.2 BY APPLICATION
TABLE 88 EUROPE: SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.4.2.1 Application, by type
TABLE 89 EUROPE: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 90 EUROPE: BOREWELL SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.4.2.2 Open pit, by usage
TABLE 91 EUROPE: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY USAGE, 2018–2025 (USD MILLION)
12.4.2.3 Application, by sector
TABLE 92 EUROPE: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 93 EUROPE: BOREWELL SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.3 BY SECTOR
TABLE 94 EUROPE: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 95 EUROPE: SUBMERSIBLE PUMPS MARKET, BY INDUSTRY, 2018–2025 (USD MILLION)
12.4.4 BY OPERATION
TABLE 96 EUROPE: SUBMERSIBLE PUMPS MARKET, BY OPERATION, 2018–2025 (USD MILLION)
12.4.5 BY POWER RATING
TABLE 97 EUROPE: SUBMERSIBLE PUMPS MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
12.4.6 BY COUNTRY
TABLE 98 EUROPE: SUBMERSIBLE PUMPS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.4.6.1 UK
12.4.6.1.1 Rising adoption of submersible pumps in industrial sector boost market growth
12.4.6.1.2 By sector
TABLE 99 UK: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.2 Germany
12.4.6.2.1 Growth in industrial sector due to strong R&D to drive market
12.4.6.2.2 By sector
TABLE 100 GERMANY: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.3 France
12.4.6.3.1 Increasing adoption of advanced technologies to boost productivity drives market demand
12.4.6.3.2 By sector
TABLE 101 FRANCE: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.4 Italy
12.4.6.4.1 Focus on innovative technologies primarily in water & wastewater treatment plants to drive demand
12.4.6.4.2 By sector
TABLE 102 ITALY: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.5 Netherlands
12.4.6.5.1 Infrastructural development for water & wastewater treatment facility to drive demand
12.4.6.5.2 By sector
TABLE 103 NETHERLANDS: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.6 Spain
12.4.6.6.1 Most territories experience dry climate, driving demand for submersible pumps
12.4.6.6.2 By sector
TABLE 104 SPAIN: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.7 Rest of Europe
12.4.6.7.1 By sector
TABLE 105 REST OF EUROPE: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5 MIDDLE EAST & AFRICA
12.5.1 BY TYPE
TABLE 106 MIDDLE EAST & AFRICA: SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.5.1.1 Type, by application
TABLE 107 MIDDLE EAST & AFRICA: ELECTRICAL SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 108 MIDDLE EAST & AFRICA: HYDRAULIC SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 109 MIDDLE EAST & AFRICA: AIR-DRIVEN SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.5.2 BY APPLICATION
TABLE 110 MIDDLE EAST & AFRICA: SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.5.2.1 Application, by type
TABLE 111 MIDDLE EAST & AFRICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 112 MIDDLE EAST & AFRICA: BOREWELL SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.5.2.2 Open pit, by usage
TABLE 113 MIDDLE EAST & AFRICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY USAGE, 2018–2025 (USD MILLION)
12.5.2.3 Application, by sector
TABLE 114 MIDDLE EAST & AFRICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 115 MIDDLE EAST & AFRICA: BOREWELL SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.3 BY SECTOR
TABLE 116 MIDDLE EAST & AFRICA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 117 MIDDLE EAST & AFRICA: SUBMERSIBLE PUMPS MARKET, BY INDUSTRY, 2018–2025 (USD MILLION)
12.5.4 BY OPERATION
TABLE 118 MIDDLE EAST & AFRICA: SUBMERSIBLE PUMPS MARKET, BY OPERATION, 2018–2025 (USD MILLION)
12.5.5 BY POWER RATING
TABLE 119 MIDDLE EAST & AFRICA: SUBMERSIBLE PUMPS MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
12.5.6 BY COUNTRY
TABLE 120 MIDDLE EAST & AFRICA: SUBMERSIBLE PUMPS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.5.6.1 Angola
12.5.6.1.1 Rise in exploration & activities to propel demand
12.5.6.1.2 By sector
TABLE 121 ANGOLA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.2 Saudi Arabia
12.5.6.2.1 Government initiatives to meet rising power demand driving market
12.5.6.2.2 By sector
TABLE 122 SAUDI ARABIA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.3 South Africa
12.5.6.3.1 Rapid industrialization and increasing power generation capacity drives market demand
12.5.6.3.2 By sector
TABLE 123 SOUTH AFRICA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.4 UAE
12.5.6.4.1 Increasing investments in construction & water & wastewater industry to drive market
12.5.6.4.2 By sector
TABLE 124 UAE: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.5 Kuwait
12.5.6.5.1 Increasing investments in water & wastewater industry and oil & gas production to drive market
12.5.6.5.2 By sector
TABLE 125 KUWAIT: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.6 Qatar
12.5.6.6.1 Increasing investments in power sector to meet rising demand
12.5.6.6.2 By sector
TABLE 126 QATAR: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.7 Rest of Middle East & Africa
12.5.6.7.1 By sector
TABLE 127 REST OF MIDDLE EAST & AFRICA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.6 SOUTH AMERICA
12.6.1 BY TYPE
TABLE 128 SOUTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.6.1.1 Type, by application
TABLE 129 SOUTH AMERICA: ELECTRICAL SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 130 SOUTH AMERICA: HYDRAULIC SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 131 SOUTH AMERICA: AIR-DRIVEN SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.6.2 BY APPLICATION
TABLE 132 SOUTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.6.2.1 Application, by type
TABLE 133 SOUTH AMERICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 134 SOUTH AMERICA: BOREWELL SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.6.2.2 Open pit, by usage
TABLE 135 SOUTH AMERICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY USAGE, 2018–2025 (USD MILLION)
12.6.2.3 Application, by sector
TABLE 136 SOUTH AMERICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 137 SOUTH AMERICA: BOREWELL SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.6.3 BY SECTOR
TABLE 138 SOUTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 139 SOUTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY INDUSTRY, 2018–2025 (USD MILLION)
12.6.4 BY OPERATION
TABLE 140 SOUTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY OPERATION, 2018–2025 (USD MILLION)
12.6.5 BY POWER RATING
TABLE 141 SOUTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
12.6.6 BY COUNTRY
TABLE 142 SOUTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.6.6.1 Brazil
12.6.6.1.1 Technological advancements and strong economic growth promote market growth
12.6.6.1.2 By sector
TABLE 143 BRAZIL: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.6.6.2 Argentina
12.6.6.2.1 Increasing investments and rise in government support incentives to promote industrialization
12.6.6.2.2 By sector
TABLE 144 ARGENTINA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.6.6.3 Venezuela
12.6.6.3.1 Growth in energy sector to propel demand
12.6.6.3.2 By sector
TABLE 145 VENEZUELA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.6.6.4 Rest of South America
TABLE 146 REST OF SOUTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
FIGURE 40 KEY DEVELOPMENTS IN GLOBAL SUBMERSIBLE PUMPS MARKET, 2016–NOVEMBER 2020
13.2 MARKET EVALUATION FRAMEWORK
FIGURE 41 MARKET EVALUATION FRAMEWORK: CONTRACTS & AGREEMENTS WERE MAJOR GROWTH STRATEGIES BY COMPANIES FROM 2017 TO 2020
13.3 COMPETITIVE SCENARIO
TABLE 147 DEVELOPMENTS OF KEY PLAYERS IN MARKET, 2016–2020
13.4 INDUSTRY CONCENTRATION, 2019
FIGURE 42 INDUSTRY CONCENTRATION, 2019
13.4.1 CONTRACTS & AGREEMENTS
13.4.2 INVESTMENTS & EXPANSION
13.4.3 NEW PRODUCT LAUNCHES
13.4.4 MERGERS & ACQUISITIONS
13.4.5 PARTNERSHIPS, COLLABORATIONS, JOINT VENTURE, AND INVESTMENTS & EXPANSIONS
13.5 COMPANY EVALUATION MATRIX TO DEFINITIONS AND METHODOLOGY
13.5.1 STAR
13.5.2 EMERGING LEADER
13.5.3 PERVASIVE
13.5.4 EMERGING COMPANY
13.6 COMPANY EVALUATION MATRIX, 2019
FIGURE 43 SUBMERSIBLE PUMPS MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING (2019)
14 COMPANY PROFILES
(Business and Financial Overview, Products Offered, Recent Developments, and MnM View (Key Strategies/Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats))*
14.1 XYLEM
FIGURE 44 XYLEM: COMPANY SNAPSHOT
14.2 SULZER
FIGURE 45 SULZER: COMPANY SNAPSHOT
14.3 KSB
FIGURE 46 KSB: COMPANY SNAPSHOT
14.4 GRUNDFOS
FIGURE 47 GRUNDFOS: COMPANY SNAPSHOT
14.5 ATLAS COPCO
FIGURE 48 ATLAS COPCO: COMPANY SNAPSHOT
14.6 FLOWSERVE
FIGURE 49 FLOWSERVE: COMPANY SNAPSHOT
14.7 WILO
FIGURE 50 WILO: COMPANY SNAPSHOT
14.8 TSURUMI MANUFACTURING
14.9 HOMA
14.10 LEO
14.11 VANSAN
14.12 SAER ELETTROPOMPE
14.13 PLEUGER
14.14 C.R.I. PUMPS
14.15 BJM PUMPS
14.16 MODY PUMPS
14.17 HCP PUMP
14.18 SPT PUMPEN
14.19 GRINDEX
14.20 PRORIL
14.21 EBARA CORPORATION
*Details on Business and Financial Overview, Products Offered, Recent Developments, and MnM View (Key Strategies/Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
15 APPENDIX
15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.3 INCLUSIONS & EXCLUSIONS
1.3.1 SUBMERSIBLE PUMPS MARKET, BY SECTOR: INCLUSIONS & EXCLUSIONS
1.4 MARKET SCOPE
1.4.1 MARKET SEGMENTATION
1.4.2 REGIONAL SCOPE
1.5 YEARS CONSIDERED
1.6 CURRENCY
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 SUBMERSIBLE PUMPS MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION METHODOLOGY
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Breakdown of primaries
FIGURE 3 PRIMARY BREAKDOWN
2.3 SCOPE
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4.3 IDEAL DEMAND SIDE ANALYSIS
2.4.3.1 Assumptions for demand side analysis
2.4.3.2 Demand side calculation
2.4.4 SUPPLY SIDE ANALYSIS
FIGURE 6 MAIN METRICS CONSIDERED IN ASSESSING SUPPLY FOR SUBMERSIBLE PUMPS MARKET
2.4.4.1 Supply side calculation
2.4.4.2 Assumptions
FIGURE 7 MARKET RANKING & INDUSTRY CONCENTRATION, 2019
2.4.5 FORECAST
2.5 PRIMARY INSIGHTS
3 EXECUTIVE SUMMARY
3.1 SCENARIO ANALYSIS
FIGURE 8 SCENARIO ANALYSIS: SUBMERSIBLE PUMPS MARKET, 2018–2025
3.1.1 OPTIMISTIC SCENARIO
3.1.2 REALISTIC SCENARIO
3.1.3 PESSIMISTIC SCENARIO
TABLE 1 SUBMERSIBLE PUMPS MARKET SNAPSHOT
FIGURE 9 ASIA PACIFIC DOMINATED SUBMERSIBLE PUMPS MARKET IN 2019
FIGURE 10 ELECTRICAL SEGMENT TO CONTINUE TO HOLD LARGEST SHARE OF SUBMERSIBLE PUMPS MARKET, BY TYPE, DURING FORECAST PERIOD
FIGURE 11 OPEN PIT SEGMENT TO HOLD LARGEST SHARE OF SUBMERSIBLE PUMPS MARKET, BY APPLICATION, DURING FORECAST PERIOD
FIGURE 12 SINGLE-STAGE SEGMENT TO ACCOUNT FOR LARGER SHARE OF SUBMERSIBLE PUMPS MARKET, BY OPERATION, DURING FORECAST PERIOD
FIGURE 13 5–15 HP SEGMENT TO CONTINUE TO HOLD LARGER SHARE OF SUBMERSIBLE PUMPS MARKET, BY POWER RATING, DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN SUBMERSIBLE PUMPS MARKET
FIGURE 14 INCREASING INVESTMENTS IN UPGRADATION OF AGEING INDUSTRIAL INFRASTRUCTURE AND RAPID URBANIZATION TO DRIVE GROWTH OF SUBMERSIBLE PUMPS MARKET DURING 2020–2025
4.2 SUBMERSIBLE PUMPS MARKET, BY REGION
FIGURE 15 SUBMERSIBLE PUMPS MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.3 SUBMERSIBLE PUMPS MARKET IN ASIA PACIFIC, BY SECTOR & COUNTRY
FIGURE 16 INDUSTRIAL SECTOR AND CHINA HELD LARGEST SHARES OF SUBMERSIBLE PUMPS MARKET IN ASIA PACIFIC IN 2019
4.4 SUBMERSIBLE PUMPS MARKET, BY TYPE
FIGURE 17 ELECTRICAL SEGMENT TO CONTINUE TO DOMINATE SUBMERSIBLE PUMPS MARKET, BY TYPE, BY 2025
4.5 SUBMERSIBLE PUMPS MARKET, BY APPLICATION
FIGURE 18 OPEN PIT SEGMENT TO DOMINATE SUBMERSIBLE PUMPS MARKET, BY APPLICATION, BY 2025
4.6 SUBMERSIBLE PUMPS MARKET, BY OPERATION
FIGURE 19 SINGLE-STAGE SEGMENT TO DOMINATE SUBMERSIBLE PUMPS MARKET, BY OPERATION, BY 2025
4.7 SUBMERSIBLE PUMPS MARKET, BY POWER RATING
FIGURE 20 5–15 HP SEGMENT TO HOLD LARGEST SHARE OF SUBMERSIBLE PUMPS MARKET, BY POWER RATING, BY 2025
4.8 SUBMERSIBLE PUMPS MARKET, BY SECTOR
FIGURE 21 INDUSTRIAL SEGMENT TO HOLD LARGEST SHARE OF SUBMERSIBLE
PUMPS MARKET, BY SECTOR, BY 2025
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 COVID-19 HEALTH ASSESSMENT
FIGURE 22 COVID-19 GLOBAL PROPAGATION
FIGURE 23 COVID-19 PROPAGATION IN SELECTED COUNTRIES
5.3 ROAD TO RECOVERY
FIGURE 24 RECOVERY ROAD FOR 2020
5.4 COVID-19 ECONOMIC ASSESSMENT
FIGURE 25 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
5.5 MARKET DYNAMICS
FIGURE 26 SUBMERSIBLE PUMPS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.5.1 DRIVERS
5.5.1.1 Increasing investments in construction industry attributed to rapid urbanization
5.5.1.2 High demand for submersible pumps in agricultural sector
5.5.2 RESTRAINTS
5.5.2.1 Motor failure and high troubleshooting cost
FIGURE 27 PUMP LIFE CYCLE COST
5.5.3 OPPORTUNITIES
5.5.3.1 Adoption of solar-powered submersible pumps
5.5.3.2 Upgradation of aging and construction of new water & wastewater treatment facilities
5.5.4 CHALLENGES
5.5.4.1 High competition from local and regional players
5.5.4.2 Impact of COVID-19 on submersible pumps market
5.6 TARIFF AND REGULATORY LANDSCAPE
TABLE 2 CLEAN WATER ACT (CWA): REGULATORY PROGRAMS FOR WASTEWATER TREATMENT
5.7 YC SHIFT
5.7.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR SUBMERSIBLE PUMP MANUFACTURERS
FIGURE 28 REVENUE SHIFT FOR SUBMERSIBLE PUMPS MARKET
5.8 MARKET MAP
FIGURE 29 ADJACENT AND INTERCONNECTED MARKETS
5.9 SUPPLY CHAIN ANALYSIS
FIGURE 30 SUBMERSIBLE PUMPS MARKET SUPPLY CHAIN ANALYSIS
5.9.1 RAW MATERIAL SUPPLIERS
5.9.2 MANUFACTURING
5.9.3 END USERS
5.10 TECHNOLOGY ANALYSIS
5.11 TRADE ANALYSIS
5.11.1 EXPORT DATA ANALYSIS
TABLE 3 EXPORT DATA: CENTRIFUGAL PUMPS, BY VALUE, 2019
5.11.2 IMPORT DATA ANALYSIS
TABLE 4 IMPORT DATA: CENTRIFUGAL PUMPS, BY VALUE, 2019
5.12 AVERAGE SELLING PRICE TREND
TABLE 5 AVERAGE SELLING PRICE FOR SUBMERSIBLE PUMPS
5.13 CASE STUDY ANALYSIS
5.13.1 INSTALLATION OF SUBMERSIBLE PUMPS INCREASED PUMPING EFFICIENCY AT SEPON COPPER MINE
6 IMPACT OF COVID-19 ON SUBMERSIBLE PUMPS MARKET, SCENARIO ANALYSIS, BY REGION
6.1 INTRODUCTION
6.2 OPTIMISTIC SCENARIO
TABLE 6 OPTIMISTIC SCENARIO: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
6.3 REALISTIC SCENARIO
TABLE 7 REALISTIC SCENARIO: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
6.4 PESSIMISTIC SCENARIO
TABLE 8 PESSIMISTIC SCENARIO: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
7 SUBMERSIBLE PUMPS MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 31 ELECTRICAL SEGMENT DOMINATED SUBMERSIBLE PUMPS MARKET IN 2019
TABLE 9 SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
7.2 ELECTRICAL
7.2.1 HIGH EFFICIENCY AND ABILITY TO SAVE PUMP’S ENERGY IS FUELING DEMAND FOR ELECTRICAL SUBMERSIBLE PUMPS
TABLE 10 ELECTRICAL: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 11 ELECTRICAL: SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
7.3 HYDRAULIC
7.3.1 INCREASING DEMAND FOR UNATTENDED OPERATIONS TO BOOST DEMAND FOR HYDRAULIC SUBMERSIBLE PUMPS
TABLE 12 HYDRAULIC: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 13 HYDRAULIC: SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
7.4 AIR-DRIVEN
7.4.1 GROWING USE OF SUBMERSIBLE PUMPS IN HAZARDOUS & RESTRICTED AREAS
TABLE 14 AIR-DRIVEN: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 15 AIR-DRIVEN: SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
8 SUBMERSIBLE PUMPS MARKET, BY APPLICATION
8.1 INTRODUCTION
FIGURE 32 OPEN PIT SEGMENT DOMINATED SUBMERSIBLE PUMPS MARKET IN 2019
TABLE 16 SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
8.2 OPEN PIT
8.2.1 HIGH EFFICIENCY AND INCREASING INVESTMENTS IN SEVERAL SECTORS TO DRIVE GROWTH OF OPEN PIT SEGMENT
TABLE 17 OPEN PIT: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 18 OPEN PIT: SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 19 OPEN PIT: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 20 OPEN PIT: SUBMERSIBLE PUMPS MARKET, BY USAGE, 2018–2025 (USD MILLION)
8.2.2 BY USAGE
8.2.2.1 Sewage
TABLE 21 SEWAGE: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
8.2.2.2 Dewatering
TABLE 22 DEWATERING: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
8.2.2.3 Transferring/pumping
TABLE 23 TRANSFERRING/PUMPING: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
8.3 BOREWELL
8.3.1 INCREASING DEMAND FOR ELECTRICAL SUBMERSIBLE PUMPS
TABLE 24 BOREWELL: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 25 BOREWELL: SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 26 BOREWELL: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
9 SUBMERSIBLE PUMPS MARKET, BY OPERATION
9.1 INTRODUCTION
FIGURE 33 SINGLE-STAGE SEGMENT DOMINATED MARKET IN 2019
TABLE 27 SUBMERSIBLE PUMPS MARKET, BY OPERATION, 2018–2025 (USD MILLION)
9.2 SINGLE-STAGE
9.2.1 INCREASING INVESTMENTS IN SEWAGE TREATMENT TO DRIVE GROWTH OF SEGMENT
TABLE 28 SINGLE-STAGE: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
9.3 MULTI-STAGE
9.3.1 HIGH PRESSURE RANGES OF MULTI-STAGE PUMPS TO INCREASE THEIR DEMAND
TABLE 29 MULTI-STAGE: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
10 SUBMERSIBLE PUMPS MARKET, BY POWER RATING
10.1 INTRODUCTION
FIGURE 34 5–15 HP SUBMERSIBLE PUMP DOMINATED MARKET IN 2019
TABLE 30 SUBMERSIBLE PUMPS MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
10.2 BELOW 1 HP
10.2.1 RISE IN DEMAND IN DOMESTIC SECTOR TO EXTRACT UNDERGROUND WATER
TABLE 31 BELOW 1 HP: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
10.3 1–5 HP
10.3.1 HIGH OPERATING EFFICIENCY TO FUEL DEMAND FOR 1–5 HP SUBMERSIBLE PUMPS
TABLE 32 1–15 HP: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
10.4 5–15 HP
10.4.1 RESISTANCE TO HIGH VOLTAGE FLUCTUATIONS IS FUELING THEIR DEMAND
TABLE 33 5–15 HP: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
10.5 ABOVE 15 HP
10.5.1 HIGH EFFICIENCY AND RESISTANT TO CORROSION
TABLE 34 ABOVE 15 HP: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
11 SUBMERSIBLE PUMPS MARKET, BY SECTOR
11.1 INTRODUCTION
FIGURE 35 INDUSTRIAL SECTOR DOMINATED SUBMERSIBLE PUMPS MARKET IN 2019
TABLE 35 SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
11.2 INDUSTRIAL
11.2.1 INCREASING INVESTMENTS TO BOOST PRODUCTIVITY
TABLE 36 INDUSTRIAL: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 37 INDUSTRIAL: SUBMERSIBLE PUMPS MARKET, BY INDUSTRY, 2018–2025 (USD MILLION)
11.2.1.1 Water & wastewater
TABLE 38 WATER & WASTEWATER: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
11.2.1.2 Mining & construction
TABLE 39 MINING & CONSTRUCTION: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
11.2.1.3 Energy & Power
TABLE 40 ENERGY & POWER: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
11.2.1.4 Others
TABLE 41 OTHER: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
11.3 AGRICULTURAL
11.3.1 GROWTH IN AGRICULTURAL PRODUCTION TO BOOST DEMAND FOR SUBMERSIBLE PUMPS
TABLE 42 AGRICULTURE: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
11.4 DOMESTIC
11.4.1 INCREASING DEMAND FOR GROUNDWATER EXTRACTION
TABLE 43 DOMESTIC: SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
12 SUBMERSIBLE PUMPS MARKET, BY REGION
12.1 INTRODUCTION
FIGURE 36 ASIA PACIFIC SUBMERSIBLE PUMPS MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 37 ASIA PACIFIC DOMINATED SUBMERSIBLE PUMPS MARKET IN 2019
TABLE 44 SUBMERSIBLE PUMPS MARKET, BY REGION, 2018–2025 (USD MILLION)
12.2 ASIA PACIFIC
FIGURE 38 SNAPSHOT OF ASIA PACIFIC SUBMERSIBLE PUMPS MARKET
12.2.1 BY TYPE
TABLE 45 ASIA PACIFIC: SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.2.1.1 Type, by application
TABLE 46 ASIA PACIFIC: ELECTRICAL SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 47 ASIA PACIFIC: HYDRAULIC SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 48 ASIA PACIFIC: AIR-DRIVEN SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.2.2 APPLICATION
TABLE 49 ASIA PACIFIC: SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.2.2.1 Application, by type
TABLE 50 ASIA PACIFIC: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 51 ASIA PACIFIC: BOREWELL SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.2.2.2 Open pit, by usage
TABLE 52 ASIA PACIFIC: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY USAGE, 2018–2025 (USD MILLION)
12.2.2.3 Application, by sector
TABLE 53 ASIA PACIFIC: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 54 ASIA PACIFIC: BOREWELL SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.3 BY SECTOR
TABLE 55 ASIA PACIFIC: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 56 ASIA PACIFIC: SUBMERSIBLE PUMPS MARKET, BY INDUSTRY, 2018–2025 (USD MILLION)
12.2.4 BY OPERATION
TABLE 57 ASIA PACIFIC: SUBMERSIBLE PUMPS MARKET, BY OPERATION, 2018–2025 (USD MILLION)
12.2.5 BY POWER RATING
TABLE 58 ASIA PACIFIC: SUBMERSIBLE PUMPS MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
12.2.6 BY COUNTRY
TABLE 59 ASIA PACIFIC: SUBMERSIBLE PUMPS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.2.6.1 China
12.2.6.1.1 Investments to increase power generation capacities driving market
12.2.6.1.2 By sector
TABLE 60 CHINA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.6.2 India
12.2.6.2.1 Growth in industrialization along with government support policies to drive demand
12.2.6.2.2 By sector
TABLE 61 INDIA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.6.3 Japan
12.2.6.3.1 Adoption of modern technologies to boost productivity likely to drive market demand
12.2.6.3.2 By sector
TABLE 62 JAPAN: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.6.4 Australia
12.2.6.4.1 Growth in water & wastewater treatment plants and agricultural productivity contributes toward market growth
12.2.6.4.2 By sector
TABLE 63 AUSTRALIA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.6.5 Indonesia
12.2.6.5.1 Growth in water & wastewater treatment plants and agricultural productivity contributes toward market growth
12.2.6.5.2 By sector
TABLE 64 INDONESIA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.6.6 Rest of Asia Pacific
12.2.6.6.1 By sector
TABLE 65 REST OF ASIA PACIFIC: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.3 NORTH AMERICA
FIGURE 39 SNAPSHOT OF NORTH AMERICA SUBMERSIBLE PUMPS MARKET
12.3.1 BY TYPE
TABLE 66 NORTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.3.1.1 Type, by application
TABLE 67 NORTH AMERICA: ELECTRICAL SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 68 NORTH AMERICA: HYDRAULIC SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 69 NORTH AMERICA: AIR-DRIVEN SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.3.2 BY APPLICATION
TABLE 70 NORTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.3.2.1 Application, by type
TABLE 71 NORTH AMERICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 72 NORTH AMERICA: BOREWELL SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.3.2.2 Open pit, by usage
TABLE 73 NORTH AMERICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY USAGE, 2018–2025 (USD MILLION)
12.3.2.3 Application, by sector
TABLE 74 NORTH AMERICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 75 NORTH AMERICA: BOREWELL SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.3.3 BY SECTOR
TABLE 76 NORTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 77 NORTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY INDUSTRY, 2018–2025 (USD MILLION)
12.3.4 BY OPERATION
TABLE 78 NORTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY OPERATION, 2018–2025 (USD MILLION)
12.3.5 BY POWER RATING
TABLE 79 NORTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
12.3.6 BY COUNTRY
TABLE 80 NORTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.3.6.1 US
12.3.6.1.1 Modernization of aging industrial infrastructure to fuel demand for submersible pumps
12.3.6.1.2 By sector
TABLE 81 US: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.3.6.2 Canada
12.3.6.2.1 Strong presence of water & wastewater treatment facilities and mining industry drives demand
12.3.6.2.2 By sector
TABLE 82 CANADA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.3.6.3 Mexico
12.3.6.3.1 Growing industrialization boosting market
12.3.6.3.2 By sector
TABLE 83 MEXICO: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4 EUROPE
12.4.1 BY TYPE
TABLE 84 EUROPE: SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.4.1.1 Type, by application
TABLE 85 EUROPE: ELECTRICAL SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 86 EUROPE: HYDRAULIC SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 87 EUROPE: AIR-DRIVEN SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.4.2 BY APPLICATION
TABLE 88 EUROPE: SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.4.2.1 Application, by type
TABLE 89 EUROPE: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 90 EUROPE: BOREWELL SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.4.2.2 Open pit, by usage
TABLE 91 EUROPE: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY USAGE, 2018–2025 (USD MILLION)
12.4.2.3 Application, by sector
TABLE 92 EUROPE: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 93 EUROPE: BOREWELL SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.3 BY SECTOR
TABLE 94 EUROPE: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 95 EUROPE: SUBMERSIBLE PUMPS MARKET, BY INDUSTRY, 2018–2025 (USD MILLION)
12.4.4 BY OPERATION
TABLE 96 EUROPE: SUBMERSIBLE PUMPS MARKET, BY OPERATION, 2018–2025 (USD MILLION)
12.4.5 BY POWER RATING
TABLE 97 EUROPE: SUBMERSIBLE PUMPS MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
12.4.6 BY COUNTRY
TABLE 98 EUROPE: SUBMERSIBLE PUMPS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.4.6.1 UK
12.4.6.1.1 Rising adoption of submersible pumps in industrial sector boost market growth
12.4.6.1.2 By sector
TABLE 99 UK: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.2 Germany
12.4.6.2.1 Growth in industrial sector due to strong R&D to drive market
12.4.6.2.2 By sector
TABLE 100 GERMANY: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.3 France
12.4.6.3.1 Increasing adoption of advanced technologies to boost productivity drives market demand
12.4.6.3.2 By sector
TABLE 101 FRANCE: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.4 Italy
12.4.6.4.1 Focus on innovative technologies primarily in water & wastewater treatment plants to drive demand
12.4.6.4.2 By sector
TABLE 102 ITALY: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.5 Netherlands
12.4.6.5.1 Infrastructural development for water & wastewater treatment facility to drive demand
12.4.6.5.2 By sector
TABLE 103 NETHERLANDS: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.6 Spain
12.4.6.6.1 Most territories experience dry climate, driving demand for submersible pumps
12.4.6.6.2 By sector
TABLE 104 SPAIN: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.7 Rest of Europe
12.4.6.7.1 By sector
TABLE 105 REST OF EUROPE: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5 MIDDLE EAST & AFRICA
12.5.1 BY TYPE
TABLE 106 MIDDLE EAST & AFRICA: SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.5.1.1 Type, by application
TABLE 107 MIDDLE EAST & AFRICA: ELECTRICAL SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 108 MIDDLE EAST & AFRICA: HYDRAULIC SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 109 MIDDLE EAST & AFRICA: AIR-DRIVEN SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.5.2 BY APPLICATION
TABLE 110 MIDDLE EAST & AFRICA: SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.5.2.1 Application, by type
TABLE 111 MIDDLE EAST & AFRICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 112 MIDDLE EAST & AFRICA: BOREWELL SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.5.2.2 Open pit, by usage
TABLE 113 MIDDLE EAST & AFRICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY USAGE, 2018–2025 (USD MILLION)
12.5.2.3 Application, by sector
TABLE 114 MIDDLE EAST & AFRICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 115 MIDDLE EAST & AFRICA: BOREWELL SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.3 BY SECTOR
TABLE 116 MIDDLE EAST & AFRICA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 117 MIDDLE EAST & AFRICA: SUBMERSIBLE PUMPS MARKET, BY INDUSTRY, 2018–2025 (USD MILLION)
12.5.4 BY OPERATION
TABLE 118 MIDDLE EAST & AFRICA: SUBMERSIBLE PUMPS MARKET, BY OPERATION, 2018–2025 (USD MILLION)
12.5.5 BY POWER RATING
TABLE 119 MIDDLE EAST & AFRICA: SUBMERSIBLE PUMPS MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
12.5.6 BY COUNTRY
TABLE 120 MIDDLE EAST & AFRICA: SUBMERSIBLE PUMPS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.5.6.1 Angola
12.5.6.1.1 Rise in exploration & activities to propel demand
12.5.6.1.2 By sector
TABLE 121 ANGOLA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.2 Saudi Arabia
12.5.6.2.1 Government initiatives to meet rising power demand driving market
12.5.6.2.2 By sector
TABLE 122 SAUDI ARABIA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.3 South Africa
12.5.6.3.1 Rapid industrialization and increasing power generation capacity drives market demand
12.5.6.3.2 By sector
TABLE 123 SOUTH AFRICA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.4 UAE
12.5.6.4.1 Increasing investments in construction & water & wastewater industry to drive market
12.5.6.4.2 By sector
TABLE 124 UAE: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.5 Kuwait
12.5.6.5.1 Increasing investments in water & wastewater industry and oil & gas production to drive market
12.5.6.5.2 By sector
TABLE 125 KUWAIT: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.6 Qatar
12.5.6.6.1 Increasing investments in power sector to meet rising demand
12.5.6.6.2 By sector
TABLE 126 QATAR: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.7 Rest of Middle East & Africa
12.5.6.7.1 By sector
TABLE 127 REST OF MIDDLE EAST & AFRICA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.6 SOUTH AMERICA
12.6.1 BY TYPE
TABLE 128 SOUTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.6.1.1 Type, by application
TABLE 129 SOUTH AMERICA: ELECTRICAL SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 130 SOUTH AMERICA: HYDRAULIC SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 131 SOUTH AMERICA: AIR-DRIVEN SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.6.2 BY APPLICATION
TABLE 132 SOUTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.6.2.1 Application, by type
TABLE 133 SOUTH AMERICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 134 SOUTH AMERICA: BOREWELL SUBMERSIBLE PUMPS MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.6.2.2 Open pit, by usage
TABLE 135 SOUTH AMERICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY USAGE, 2018–2025 (USD MILLION)
12.6.2.3 Application, by sector
TABLE 136 SOUTH AMERICA: OPEN PIT SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 137 SOUTH AMERICA: BOREWELL SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.6.3 BY SECTOR
TABLE 138 SOUTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 139 SOUTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY INDUSTRY, 2018–2025 (USD MILLION)
12.6.4 BY OPERATION
TABLE 140 SOUTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY OPERATION, 2018–2025 (USD MILLION)
12.6.5 BY POWER RATING
TABLE 141 SOUTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
12.6.6 BY COUNTRY
TABLE 142 SOUTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.6.6.1 Brazil
12.6.6.1.1 Technological advancements and strong economic growth promote market growth
12.6.6.1.2 By sector
TABLE 143 BRAZIL: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.6.6.2 Argentina
12.6.6.2.1 Increasing investments and rise in government support incentives to promote industrialization
12.6.6.2.2 By sector
TABLE 144 ARGENTINA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.6.6.3 Venezuela
12.6.6.3.1 Growth in energy sector to propel demand
12.6.6.3.2 By sector
TABLE 145 VENEZUELA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.6.6.4 Rest of South America
TABLE 146 REST OF SOUTH AMERICA: SUBMERSIBLE PUMPS MARKET, BY SECTOR, 2018–2025 (USD MILLION)
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
FIGURE 40 KEY DEVELOPMENTS IN GLOBAL SUBMERSIBLE PUMPS MARKET, 2016–NOVEMBER 2020
13.2 MARKET EVALUATION FRAMEWORK
FIGURE 41 MARKET EVALUATION FRAMEWORK: CONTRACTS & AGREEMENTS WERE MAJOR GROWTH STRATEGIES BY COMPANIES FROM 2017 TO 2020
13.3 COMPETITIVE SCENARIO
TABLE 147 DEVELOPMENTS OF KEY PLAYERS IN MARKET, 2016–2020
13.4 INDUSTRY CONCENTRATION, 2019
FIGURE 42 INDUSTRY CONCENTRATION, 2019
13.4.1 CONTRACTS & AGREEMENTS
13.4.2 INVESTMENTS & EXPANSION
13.4.3 NEW PRODUCT LAUNCHES
13.4.4 MERGERS & ACQUISITIONS
13.4.5 PARTNERSHIPS, COLLABORATIONS, JOINT VENTURE, AND INVESTMENTS & EXPANSIONS
13.5 COMPANY EVALUATION MATRIX TO DEFINITIONS AND METHODOLOGY
13.5.1 STAR
13.5.2 EMERGING LEADER
13.5.3 PERVASIVE
13.5.4 EMERGING COMPANY
13.6 COMPANY EVALUATION MATRIX, 2019
FIGURE 43 SUBMERSIBLE PUMPS MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING (2019)
14 COMPANY PROFILES
(Business and Financial Overview, Products Offered, Recent Developments, and MnM View (Key Strategies/Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats))*
14.1 XYLEM
FIGURE 44 XYLEM: COMPANY SNAPSHOT
14.2 SULZER
FIGURE 45 SULZER: COMPANY SNAPSHOT
14.3 KSB
FIGURE 46 KSB: COMPANY SNAPSHOT
14.4 GRUNDFOS
FIGURE 47 GRUNDFOS: COMPANY SNAPSHOT
14.5 ATLAS COPCO
FIGURE 48 ATLAS COPCO: COMPANY SNAPSHOT
14.6 FLOWSERVE
FIGURE 49 FLOWSERVE: COMPANY SNAPSHOT
14.7 WILO
FIGURE 50 WILO: COMPANY SNAPSHOT
14.8 TSURUMI MANUFACTURING
14.9 HOMA
14.10 LEO
14.11 VANSAN
14.12 SAER ELETTROPOMPE
14.13 PLEUGER
14.14 C.R.I. PUMPS
14.15 BJM PUMPS
14.16 MODY PUMPS
14.17 HCP PUMP
14.18 SPT PUMPEN
14.19 GRINDEX
14.20 PRORIL
14.21 EBARA CORPORATION
*Details on Business and Financial Overview, Products Offered, Recent Developments, and MnM View (Key Strategies/Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
15 APPENDIX
15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
It is observed that the top four submersible pump providing companies had around XX% of the market share by value, out of which the top two companies held around XX% of the total share. The others had about XX% of the total market share. This indicates that the competition amongst submersible pump providers is very high. The key strategies used to improve market share were to form agreements, launch new products, expand, and perform mergers and acquisitions with submersible pump manufacturers and leading suppliers by understanding the economic scenario. The other strategies included forming long-term relationships and providing highly competent project management efficiencies. A few companies retaining most of the market share indicate that since the number of submersible pump manufacturers needed for oil fields process is very few, even one or two high value contracts can affect the market share to a great extent.
Market segmentation by geography:
In this report, based on geography, the submersible pump market is segmented into five major zones: Asia-Pacific, Europe, The Middle East and Africa, North America, and South America. Asia-Pacific is the highest user of submersible pump as of 2013.
Asia-Pacific market has the highest share of XX% in submersible pump market globally, due to the emphasis of the countries in this region to reduce their dependency on imports and improve their domestic energy market. The region is occupied by major oilfield activities going on, thus proving it to occupy highest position in the submersible pump market. The North American market holds the second position followed by European market which is at third position. South America holds the lowest position as compared to the other regions.
Market restraints:
There are a number of factors which restrain the growth of submersible pump market. The limitations of achieving full potential of pumped wells may affect the performance negatively.
This performance may sometimes be quite severe, resulting in unstable pump operation, significant production losses, lower reliability, and increased operational costs due to premature equipment failure. Thus, as studied, the factors that restrain the growth of artificial lifts are lack of qualified engineers and equipment selection and operation.
Lack of qualified engineers:
The pump sector is experiencing dwindling human resource since a decade. This situation arises due to issues such as change in professional interests, risky work conditions, and negative perceptions of environmental hazards. This shortage of human resource has seriously affected many energy and power companies, and oil & gas service companies in providing their services. This may lead to disturbance in the pump market.
The industry necessitates proficient staff to be involved in training, research and development. A future deficit is expected in the production of oil and gas related equipment due to unavailability of skilled labor. Equipment manufacturers and service providers face trouble in employing and training employees to handle equipment related duties. Provision of training delivery has become difficult in this sector for products which require manpower in designing, manufacturing, operating, and their maintenance in future.
Equipment selection and operation:
Proper equipment selection is an important restraining factor. Submersible pump users may often underestimate the potential well problems that may develop as well inflow increases and reservoir pressure decreases due to the use of submersible pump systems. To gain the necessary pump robustness and operating flexibility, one needs to anticipate harmful conditions and select the appropriate metallurgies and equipment configurations to handle those conditions effectively.
Unfortunately, accurately selected electrical submersible pumps (ESPs) will bring little benefit if they are not installed and operated properly. Competent pump assembly, installation, and commissioning are critical as first steps in deployment.
ESP service technicians must be competent at a multitude of electrical, electronic, and mechanical skills. They must also have knowledge of the specific equipment being installed.
ESP installation also centers on the competency and experience of the rig crew. Crews with limited ESP experience can easily damage system components, cable, and connectors as they run the ESP system to setting depth. Consequently, successful ESP installation requires experienced and trained personnel involved in installation and commissioning.
